IHDA - Illinois Housing Development Authority
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Illinois
Housing
Development
Authority
LOW INCOME HOUSING TAX CREDIT
INITIAL MONITORING FORM
Project Information
TC# ____________
Project Name ________________________________________________________________ Project Address ______________________________________________________________
City _________________________, Illinois Zip Code______________ County ___________
Will there be an On-Site Manager? ____Yes ____No (If Yes, please supply the following information if known)
On-Site Manager’s Name ______________________
Address (If different from above) ______________________________________________________
Phone # ( ) _______________ Fax# ( ) _______________ E-Mail__________________
Type of Credit Request Compliance Period_______ (years)
New Construction _____
Acquisition/Rehabilitation _____
Rehabilitation _______ Year Building Was Built_________
Minimum Set Aside Election
_______At least 20% of the units will be rent-restricted and occupied by individuals
whose income is no more than 50% of the area median income.
_______At least 40% of the units will be rent-restricted and occupied by individuals
whose income is no more than 60% of the area median income.
Construction Information
Credits were allocated for:
# of Buildings_________ # Low Income Units_________
As of ________________ construction/rehabilitation is ________% complete.
(Date)
Date First Building Placed in Service ______________
Occupancy Status
Date of first occupancy _________________
# of Units presently occupied by Very Low Income Tenants (50% of AMI)
# of Units presently occupied by Low Income Tenants (60% of AMI)
# of Units presently occupied by Market Tenants
|File Location |
Will the tenant files be located on-site? (If no, please supply the following information)
Place ________________________________________________________
Address ______________________________________________________
City State ______________________
Project Owner Information
Project Owner Entity:
Name _____________________________________________________________________
Address ___________________________________________________________________
City_______________________________ State ________________ Zip Code __________ Name of person authorized to sign on behalf of owner _ ______________________________
Contact Person’s Name _______________________________________________________
Address (If different from above) ______________________________________________________
Phone # ( )________________ Fax # ( ) ________________ E-Mail _______________
Please check all that apply
Partnership Sole Proprietorship Land Trust
L.L.C Corporation
Project Management Company Information
Management Company Name __________________________________________________
Address ___________________________________________________________________
City ________________________________ State ______________ Zip Code ___________
Contact Person=s Name _______________________________________________________
Phone # ( ) ______________ Fax # ( ) ________________ E-mail ________________
IHDA Form TST-8
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